logo
AAM Secures New Business to Support Scout Motors' Iconic SUV and Truck Launch

AAM Secures New Business to Support Scout Motors' Iconic SUV and Truck Launch

Yahoo11-06-2025

DETROIT, June 11, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) announced it has secured an agreement with Scout Motors to supply front electric drive units (EDUs) and rear e-Beam axles for the much-anticipated launch of the all-new electric Traveler SUV and Terra pickup truck.
Both the Scout Traveler SUV and Scout Terra pickup truck will be built on a body-on-frame chassis and configurable with 100 percent battery electric or gasoline fueled range-extended energy systems to give customers the confidence they need to electrify on their terms.
"We are honored to support the rebirth of the iconic Scout brand and play a significant role in these important vehicle launches with AAM's award-winning electric drive technology," said AAM Chairman and Chief Executive Officer, David C. Dauch. "Additionally, Scout and AAM share a commitment to American design, engineering and innovation with both companies having a strong presence in the U.S."
Scout Motors is accepting customer order reservations now, with initial production of the Traveler and Terra vehicles targeted to begin in 2027.
About AAMAs a leading global Tier 1 Automotive and Mobility Supplier, AAM designs, engineers and manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. Headquartered in Detroit, MI, with over 75 facilities in 16 countries, AAM is bringing the future faster for a safer and more sustainable tomorrow. To learn more, visit www.aam.com.
About Scout MotorsThe Scout, originally produced by International Harvesters from 1961-80, was the world's first utility vehicle capable of both off-road adventure and family duty. It was the 8-day-a-week truck. Scout is now an American icon whose heritage is kept alive by a dedicated community of doers who continue to push their vehicles on the farm, in the wilderness, and on family outings. Scout Motors was formed to craft the next era of trucks and rugged SUVs rooted in the same tradition that made the original Scout an American icon. Scout Motors is revitalizing a legend and returning to American shores. To learn more, visit www.scoutmotors.com.
For more information, contact:
Christopher M. Son Vice President, Marketing & Communications, AAM (313) 758-4814 chris.son@aam.com
Or visit the AAM website at www.aam.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/aam-secures-new-business-to-support-scout-motors-iconic-suv-and-truck-launch-302478207.html
SOURCE American Axle & Manufacturing Holdings, Inc.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Walker & Dunlop Arranges $106 Million Financing for Second Phase of D.C. Luxury Apartments by WC Smith
Walker & Dunlop Arranges $106 Million Financing for Second Phase of D.C. Luxury Apartments by WC Smith

Business Wire

time31 minutes ago

  • Business Wire

Walker & Dunlop Arranges $106 Million Financing for Second Phase of D.C. Luxury Apartments by WC Smith

BETHESDA, Md.--(BUSINESS WIRE)-- Walker & Dunlop, Inc. announced today that it provided $106.3 million in financing for Agora, a Class A 334-unit high-rise multifamily asset in Washington, DC. Walker & Dunlop multifamily finance, led by Brendan Coleman and Connor Locke, arranged the financing on behalf of the longtime W&D client and Fannie Mae priority borrower, WC Smith. The team secured a rate lock within 24 hours of the signed application, providing a 35-year amortization and 10 years of full-term interest-only payments to ensure a favorable outcome for WC Smith. WC Smith developed Agora as the second phase of The Collective, a premier 1,138-unit apartment community offering unmatched amenities in Washington, D.C.'s vibrant Capitol Riverfront neighborhood. Walker & Dunlop has also arranged financing for the other two phases of The Collective, Park Chelsea, a high-end 429-unit community and, The Garrett, which features 373 apartments and 5,000 square feet of co-working space. "We are honored to work with our partners at WC Smith yet again, a company that has earned a stellar reputation over decades as a trusted multifamily investor, developer, and operator," said Connor Locke, managing director of Multifamily Finance at Walker & Dunlop. "Agora is a standout asset within their exceptional portfolio, and the swift rate lock, secured within 24 hours of the signed application, demonstrates our dedication to providing timely, customized solutions that ensure the best possible outcomes for our clients." Agora is a luxury, 11-story, 334-unit LEED Silver-certified apartment building completed in 2018, located in Washington, D.C.'s vibrant Capitol Riverfront. Part of The Collective, residents enjoy shared access to high-end amenities across the three properties, including a Whole Foods, fitness center, spa rooms, and indoor golf simulator. Steps from Nationals Park, Audi Field, and the Navy Yard, Agora sits in a 500-acre neighborhood recognized by Forbes as one of the world's 'Top 12 Coolest Neighborhoods' for its parks, dining, and strong sense of community. Walker & Dunlop is one of the top providers of capital to the U.S. multifamily market; in 2024 the firm originated over $30 billion in debt financing volume, including lending over $25 billion for multifamily properties. To learn more about our capabilities and financing options, visit our website. About Walker & Dunlop Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

Ares Management Launches First ELTIF to Expand Access to European Direct Lending Strategy
Ares Management Launches First ELTIF to Expand Access to European Direct Lending Strategy

Business Wire

time31 minutes ago

  • Business Wire

Ares Management Launches First ELTIF to Expand Access to European Direct Lending Strategy

LONDON--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) ('Ares'), a leading global alternative investment manager, announced today the launch of its first European Long-Term Investment Fund ('ELTIF') vehicle, the Ares European Strategic Income ELTIF Fund ('AESIF ELTIF'), a semi-liquid perpetual direct lending fund that will provide individual investors in the European Economic Area with expanded access to Ares' leading European Direct Lending strategy. AESIF ELTIF is the latest offering through the wealth channel and its first under the updated ELTIF regime. Designed to deliver a diversified portfolio largely comprising directly originated, senior secured floating rate loans to businesses in Western Europe, AESIF ELTIF seeks to provide a durable income solution with downside protection and yield stability. AESIF ELTIF is intended to widen individual investor participation in Ares' European Direct Lending strategy through lower investment minimums relative to traditional alternative investment products. Ares launched its European Direct Lending strategy in 2007, gaining a first mover advantage, and has established itself as a market leader. The strategy comprises approximately 95 investment professionals operating across seven offices in Europe and managed over $77 billion in assets, as of March 31, 2025. Since its inception, the European Direct Lending business has completed over 390 investments totaling more than €73 billion. 'Ares strongly believes in our ability to provide individual investors with attractive investment solutions as they seek to diversify their portfolios in response to volatility and uncertainty in the public markets,' said Andrea Fernandez, Head of Product Management and Investor Relations for European Credit, and Daniel Sinclair, Partner in European Direct Lending. 'As part of this commitment, AESIF ELTIF enables us to offer qualifying individuals the same high-quality, localized origination and strong portfolio management capabilities we offer our institutional investors.' 'We are pleased to further expand access to our leading European direct lending capabilities for individual investors in Europe, underscoring the strong demand for income-producing asset classes such as private credit,' said Mark Serocold, Partner and EMEA Head of Wealth Management Solutions. 'The updated ELTIF regime is aligned to our mission of democratizing private markets investments, and we believe we will continue seeing a shift in allocations to the private markets as a wider pool of qualifying individual investors become eligible to participate.' Since the launch of the wealth channel in 2021, Ares has remained focused on scaling its wealth platform to deliver private markets access and education to financial advisors and their clients. With a growing team of approximately 150 professionals located in offices throughout the U.S., Europe and Asia, Ares' wealth channel represents one of the most resourced wealth distribution and client service platforms in the alternatives industry today. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit Disclaimers Interests in AESIF ELTIF have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the 'Securities Act'), or the applicable securities laws of any United States state or any non-United States jurisdiction. The interest in AESIF ELTIF may not be offered, sold or delivered directly or indirectly in the United States or to or for the account or benefit of any 'U.S. Person' except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any applicable state laws. As such, any 'U.S. Person' may not receive and should not act or rely on this Press Release or any other materials related to AESIF ELTIF. The information contained in this Press Release is being made available solely for information purposes. Any potential investors are urged to carefully read the applicable Prospectus and other materials in their entirety before making an investment decision. Any potential investors should conduct their own investigations and analysis of Ares, AESIF ELTIF and the information set forth in the applicable Prospectus and other materials. Nothing in this Press Release or the other applicable materials should be construed as a recommendation to invest in any securities or as legal, accounting or tax advice. Before making any decision to invest in AESIF ELTIF, potential investors should carefully review information relating to Ares and AESIF ELTIF and consult with their own legal, accounting, tax and other advisors when considering the merits of any investment. There can be no assurance that AESIF ELTIF will meet its investment objectives or otherwise be able to successfully carry out its investment program. There can be no assurance that an investor will receive a return on its capital, and therefore, an investor should only invest in AESIF if such investor is able to withstand a total loss of its investment. All data as of March 31, 2025. Diversification does not assure profit or protect against market loss. References to downside protection are not guarantees against loss of investment capital or value.

Why AI Stock Jabil Crushed the Market on Tuesday
Why AI Stock Jabil Crushed the Market on Tuesday

Yahoo

time42 minutes ago

  • Yahoo

Why AI Stock Jabil Crushed the Market on Tuesday

The contract electronics manufacturer delivered solid third-quarter results. Its business is benefiting handsomely from the proliferation of artificial intelligence (AI), and it's also doing well supplying cloud computing customers. 10 stocks we like better than Jabil › The intense take-up of artificial intelligence (AI) has been a powerful motor driving contract electronics manufacturer Jabil (NYSE: JBL) lately. It also helped power the company's latest quarterly results, which were published Tuesday morning. Investors very much liked what they saw in the numbers, and rewarded the company by boosting its share price nearly 9% higher on the day. Jabil's fiscal third quarter of 2025 results were posted before market open, and they set the tone for the stock that day. Revenue rose by a sturdy 16% year over year to just over $7.8 billion, handily beating the average analyst estimate of $7 billion. The story was similar on the bottom line, with "core" -- i.e. non-GAAP (generally accepted accounting principles) adjusted -- net income rising 21% to $279 million, or $2.55 per share. The latter number was well above the consensus $2.29 projected by analysts tracking Jabil stock. Management attributed the double-digit gains to growth in expanding end markets, such as data centers infrastructure, and cloud computing. Its intelligent infrastructure segment did particularly well, thanks greatly to intensifying demand for artificial intelligence (AI) solutions. Meanwhile, Jabil announced it is to invest roughly $500 million to expand its manufacturing footprint in the Southwest U.S., specifically targeting the AI and cloud businesses. The company wrote that this will "enable new large-scale manufacturing capabilities, capital investments, and workforce development." Such facilities should come onstream in mid-2026, it added. Jabil also proffered guidance for both its current quarter and the entirety of fiscal 2025. For the latter period, it's anticipating revenue of $29 billion, filtering down into adjusted net income of $9.33 per share. Those figures in fiscal 2024 were a respective $28.9 billion, and $8.49. Even with that post-earnings pop, Jabil remains a somewhat under-the-radar play on the explosion of AI. As such, I'd flag it as a sleeper stock in that pack, and one well worth consideration as a buy. Before you buy stock in Jabil, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Jabil wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,821!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $886,880!* Now, it's worth noting Stock Advisor's total average return is 791% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why AI Stock Jabil Crushed the Market on Tuesday was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store